Credit Corp Announces Strong FY2024 Finish and Optimistic FY2025 Outlook

Credit Corp Group Limited (AU:CCP) has released an update.

Credit Corp Group Limited has reported an 18% increase in net profit after tax for its lending segment and a record growth of its consumer loan book to $445 million by the end of FY2024, despite a decrease in overall NPAT. The company has seen improvement in US operations and a strong pipeline for US investments in FY2025, forecasting an NPAT of $90-100 million, up 17% from FY2024. Credit Corp also declared a final dividend of 23 cents per share for FY2024 and remains well-positioned to capitalize on market opportunities with extended banking facilities.

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